Is 54871, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54871 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 54871 was a Neutral Market.

Key Takeaway

54871 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54871, WI

How much do homes in 54871, WI cost?

Median Sold Price

$287,500

$223/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$61,500(+27.2%)

Key Takeaway

Homes in 54871 have sold for 27.2% more than they did a month ago.

Summary: The median home sold price in 54871 was $287,500 in November 2024, up 27.2% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $142K$275K
+93.7%
3 $685K$430K
-37.2%
4 $226K-
N/A
5+ --
N/A

Summary: 54871 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 93.7%, 3 bedroom homes decreased by 37.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 54871, WI

How many homes are available in 54871, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3435+2.9%

Summary: The 54871 real estate market had 35 homes for sale in November 2024, a 2.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 1518
+20.0%
4 87
-12.5%
5+ 44
0.0%

Summary: The 54871 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54871, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 54871 in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 54871, WI

How long does it take to sell a home in 54871, WI?

Average Sale Time

Oct 2024Nov 2024CHANGE
91 Days29 Days-68.1%

Summary: Homes in 54871 had an average of 29 days on market in Nov 2024, down by 68.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 54871 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 54871; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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